CUNY Receives $1.2 Billion Increase for FY 2023

BARUCH COLLEGE–New York Gov. Kathy Hochul and the state legislature passed a $220 billion state budget that included a $1.2 billion increase in funding for CUNY for the fiscal year 2023.

The budget allocations for CUNY included increased funds to hire new full-time faculty, cover operating costs, improve academic programs and services, complete capital projects, increase programs and expand childcare services on campuses.

“The opportunity to pursue a quality education is the silver bullet for so many New Yorkers,” Gov. Hochul said. “With this budget, we are going to unleash the power of higher education to lift up the people of our state by investing in our institutions and our teachers.”